LAKE FOREST, Ill.
/PRNewswire-FirstCall/ -- Brunswick Corporation (NYSE: BC) today announced that it has sold Triton Boats to Fishing Holdings, LLC, an affiliate of Platinum Equity. Terms of the transaction were not disclosed.
"This decision was part of our ongoing strategic review to further refine our product portfolio and best focus our resources on those brands and marine segments that we believe are core to our success going forward," said Brunswick Chairman and Chief Executive Officer
Dustan E. McCoy
. "As such,
will maintain its leadership position in the recreational and fishing boat markets, with a strong presence in the freshwater and sportfishing segments as well as leading brands in the runabout/cruiser and yachts segments."
In connection with this transaction, production of Triton fiberglass boats will be relocated from
Ashland City, Tenn.
fiberglass manufacturing will be moved to the Brunswick Boat Group's (BBG) Tellico fiberglass boat manufacturing facility in
, while Trophy fiberglass fishing boats will continue to be built in
through the remainder of the year as
evaluates strategic alternatives for the brand.
will retain rights to certain intellectual property and other rights to Triton aluminum boats, and will continue to sell those models under license as part of
's aluminum portfolio. These boats will continue to be built at BBG's
, aluminum manufacturing facility. BBG's Cypress Cay pontoon boats, which are manufactured in Ft.
, and carried by many Triton dealers, are not affected by this transaction.
unit will continue supplying propulsion systems to Triton and Fishing Holdings' other brands.
As a result of these actions,
said it estimates that the associated restructuring charges could total between
$18 million to $20 million
, pretax, of which
was recorded in
's second quarter financial results.
"These decisions, while strategic in nature, are never easy or without difficult consequences," McCoy concluded, "but they are nevertheless required by business realities, and are no reflection upon the dedication and expertise of the men and women at the
Lake Forest, Ill.
, Brunswick Corporation endeavors to instill "Genuine Ingenuity"(TM) in all its leading consumer brands, including Mercury and Mariner outboard engines; Mercury MerCruiser sterndrives and inboard engines; MotorGuide trolling motors; Attwood marine parts and accessories; Land 'N' Sea, Kellogg Marine, Diversified Marine and Benrock parts and accessories distributors; Arvor, Bayliner,
, Boston Whaler, Cabo Yachts, Crestliner, Cypress Cay, Harris FloteBote, Hatteras, Lowe,
, Meridian, Ornvik, Princecraft, Quicksilver, Rayglass, Sea Ray, Sealine, Suncruiser, Triton Aluminum, Trophy, Uttern and Valiant boats; Life Fitness and Hammer Strength fitness equipment;
bowling centers, equipment and consumer products;
billiards tables and foosball tables. For more information, visit
SOURCE Brunswick Corporation